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Merkel can't afford Deutsche Bank crisis to get out of hand

Red Hand

Tidjane Thiam, the former Prudential chief now running Credit Suisse, won’t be thanked by his counterparts at Deutsche Bank for saying so at this moment, but he is correct: big European banks are “not really investable” and the industry is in a “very fragile situation”.

Hedge fund veteran says it's a tough time

Hedge Fund

Hedge funds are facing the most challenging time Tiger Management’s Julian Robertson said he’s seen in an investing career spanning several decades, and the industry pioneer cautioned that their days of charging hefty fees may be over.